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Cloudflare Q1 2026 earnings beat, layoffs 20% of workforce

NET
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Cloudflare Q1 2026 earnings beat, layoffs 20% of workforce

Cloudflare reported Q1 2026 earnings that beat expectations, a positive read-through for near-term fundamentals. However, the company is also cutting 20% of its workforce, signaling material restructuring and cost pressure. Overall the headline is mixed: stronger earnings offset by significant layoffs.

Analysis

Cloudflare reported Q1 2026 earnings that beat expectations, a positive read-through for near-term fundamentals. However, the company is also cutting 20% of its workforce, signaling material restructuring and cost pressure. Overall the headline is mixed: stronger earnings offset by significant layoffs.

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mildly positive

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